Registration as debenture trustee now requires the amended Form A with detailed disclosures, declarations and renewal compliance. The amendment substitutes a new Form A in Schedule I requiring applicants for registration or renewal as Debenture Trustee to submit an original signed application with detailed disclosures: applicant identity and status, principal and compliance officers, organisational structure, directors, infrastructure specific to trusteeship, a three year business plan, comprehensive financial information, details of experience in trusteeship, investor grievance redressal mechanisms, and a declaration by principal officer(s) warranting compliance and absence of convictions for specified offences.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration as debenture trustee now requires the amended Form A with detailed disclosures, declarations and renewal compliance.
The amendment substitutes a new Form A in Schedule I requiring applicants for registration or renewal as Debenture Trustee to submit an original signed application with detailed disclosures: applicant identity and status, principal and compliance officers, organisational structure, directors, infrastructure specific to trusteeship, a three year business plan, comprehensive financial information, details of experience in trusteeship, investor grievance redressal mechanisms, and a declaration by principal officer(s) warranting compliance and absence of convictions for specified offences.
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